Client Portfolio Manager
The London Company, LLC Registered Investment Advisor
Founded in 1994, The London Company is a majority employee-owned investment management firm serving institutional, sub-advisory, and wealth clients and their intermediaries around the world. Strategies focus on equity management across all market capitalizations. At the heart of the Firm’s investment principles is a belief that markets are much less efficient at assessing risk than reward. A focus on downside protection is the hallmark of the Firm’s singular and differentiated investment process that relies on facts and not speculation. This disciplined and transparent approach has produced a growing and diversified client base.
The London Company is seeking a Client Portfolio Manager to join our team in Richmond, VA. Key criteria for success include a strong work ethic and deep knowledge of the investment industry. The goal of the position is to effectively communicate the firm’s investment process and performance expectations while educating clients and the internal salesforce. The role will incorporate organizational, technical, and interpersonal skills that will help lead, inspire, and shape our future in a collaborative work environment.
Position
This critical position is an important member of the investment team responsible for management of London Company portfolios. Key responsibilities include client service and marketing, portfolio management, and risk management. The Client Service role includes providing firm, product, and market updates to clients, consultants, and our own internal marketing department. A strong knowledge of the investment process is extremely important. The Risk Officer role highlights portfolio positioning, potential style drift, as well as unintended bets across the various portfolios to ensure that each portfolio’s factor exposures are consistent with the firm’s investment process. This position is wide-ranging and will work with multiple departments within the firm. The role will report to the Chief Investment Officer and is expected to promote a healthy, positive culture in alignment with London’s mission, vision, and values.
Key Leadership Responsibilities –
These responsibilities describe a general overview of required duties and are not intended to be an exhaustive list of all responsibilities, duties, and skills required of this position.
Client Service:
- Represent the firm in various meetings throughout the year, both in person and on phone/video calls.
- Effectively communicate information regarding past performance, trading activity, the thesis for any holding, the outlook, etc.
- Educate clients/consultants and the marketing department about London’s portfolios, holdings, risks, outlook, etc.
- Represent the investment team in finals presentations and be prepared to give a high level or in-depth presentation and actively participate in Q&A sessions.
- Assist with numerous client reports throughout the year.
- Write monthly/quarterly/YTD attribution and market commentary for all portfolios.
- Maintain portfolio characteristics for all strategies.
- Train and educate the sales/marketing department on portfolio and market communications to ensure the team is up-to-date and aware of activity as well as keeping consistent external messaging.
- Be a key contributor to the firm’s portfolio messaging: Who we are, how we performed and why, how we are positioned, etc.
- Write concise reviews of stocks or issues during the year affecting the portfolio.
- Contribute to the firm’s market observations by monitoring and interpreting key macro-economic data.
- Write occasional white papers reinforcing the key tenants of our investment process.
- Educate clients and the internal marketing department on specific drivers of the broader economy. While London follows a bottom-up process, maintaining a solid understanding of various macroeconomic variables and their impact on the broader market and relative performance of London portfolios is important.
Portfolio Manager:
- Be a member of investment team managing multiple portfolios following a bottom-up process.
- Possess a strong understanding of the investment thesis for every holding in any TLC portfolio. Be able to discuss why we purchased shares in a company and why we still own them.
- Update our internal workbook that includes a brief write up of each position and trading activity.
- Attend and actively participate in weekly research meetings.
- Send periodic updates on holdings.
Risk Officer:
- Highlight any holdings where the position size may be creating excess risk or where we may be using aggressive assumptions to arrive at our estimate of intrinsic value.
- Maintain data using Style Analytics and be able to explain the output to the investment team, marketing department, and clients/consultants. This includes:
- Factors that are driving the market over various periods.
- How different benchmarks are performing.
- How TLC portfolios are positioned based on various factors. Is this consistent with our process? If not, why?
- Any unintended bets in TLC portfolios? Why?
- Review overall portfolio risk (beta, tracking error, active share, largest positions)
- Assist with trading decisions made by the investment team. Ensure portfolio risks are well understood.
- Contest behavioral bias regarding stocks among the investment team members.
- Assist in the determination of product capacity.
Qualifications and Skills
- 10+ years of industry experience in a similar position
- Bachelor’s degree in finance, economics, or accounting required
- MBA and/ or CFA strongly preferred
- Deep, comprehensive understanding of markets and all aspects of portfolio construction and management
- Exceptional analytical skills and a passion for the investment industry
- Impactful interpersonal and communication skills and the ability to speak well in small and large groups while keeping on topic and adjusting as needed.
- Business acumen and exemplary work ethic
- Time management is key to this position
- Self-starter, reflects confidence, and well-polished
- Proficient with Excel, Word, and PowerPoint
- Experience with Factset: generate and comprehend attribution
- Knowledge of Style Analytics or other risk software a plus
- Willingness to travel, as needed, for both clients and prospects
About The London Company’s Culture
Since its founding, The London Company has put its clients first, and that central focus is at the heart of the Firm’s culture. The London Company has developed a reputation for being available, accessible, and proactive with its clients. The Firm prides itself on its ability to build deep relationships, continues to make significant investments in the team cross all departments to ensure it delivers the highest level of client service. The independent, boutique nature of the firm has allowed us to enhance the quality of the client and employee experience, leading to a healthy and rewarding firm culture.
The London Company is an established, nationally recognized firm with an ownership culture and has been named by The Richmond-Dispatch as a 2020-2024 Top Workforce in the greater Richmond area. In 2022 and 2023, London Company was recognized as a top firm by Pensions & Investments as a Best Places to Work in Money Management program. The Firm’s largest asset is its people, so the firm focuses on retaining and investing in its people for the long term. Evaluations and strategic planning aim to position employees to maximize their potential. The Firm strongly believes an ownership culture is paramount to continued success and applies this belief across all functions of the firm.
Mission Statement:
Our passion is investing. Our mission is to channel that passion to enrich the lives of our clients and colleagues in an enduring and meaningful way.
Core Values:
At The London Company, we embrace integrity, dedication, and respect.
Vision:
To provide unmatched downside protection and re-write the books on client service and team engagement.
We are an equal-opportunity employer and value diversity at our company.
We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
The London Company offers a flexible environment with a market-leading benefits package: salary plus bonus, 100% paid for medical, dental & vision insurance for employees, 401k plan, professional development, gym membership, generous vacation package, and many other perks.
To Apply please submit both a cover letter and resume.
We look forward in hearing from you!